NASDAQ:MRVL - Marvell Technology Group Stock Price, Forecast & News

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Marvell Technology Group declared a quarterly dividend on Friday, December 6th. Shareholders of record on Thursday, December 26th will be paid a dividend of $0.06 per share on Thursday, January 16th. This represents a $0.24 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Tuesday, December 24th. View Marvell Technology Group's Dividend History.

Marvell Technology Group announced that its board has authorized a stock repurchase program on Tuesday, October 16th 2018, which allows the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 7.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Marvell Technology Group Ltd. (NASDAQ:MRVL) issued its quarterly earnings data on Tuesday, December, 3rd. The semiconductor company reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. The semiconductor company had revenue of $662 million for the quarter, compared to analyst estimates of $660.94 million. Marvell Technology Group had a negative net margin of 16.47% and a positive return on equity of 3.59%. Marvell Technology Group's revenue was down 22.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 EPS. View Marvell Technology Group's Earnings History.

Marvell Technology Group is scheduled to release their next quarterly earnings announcement on Thursday, March 5th 2020. View Earnings Estimates for Marvell Technology Group.

Marvell Technology Group issued an update on its fourth quarter earnings guidance on Tuesday, December, 3rd. The company provided earnings per share guidance of $0.15-$0.19 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.21. The company issued revenue guidance of $727.5-$772.5 million, compared to the consensus revenue estimate of $695.87 million.

24 Wall Street analysts have issued 1 year price targets for Marvell Technology Group's shares. Their forecasts range from $24.00 to $32.00. On average, they anticipate Marvell Technology Group's stock price to reach $28.50 in the next year. This suggests a possible upside of 2.6% from the stock's current price. View Analyst Price Targets for Marvell Technology Group.

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 4 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Marvell Technology Group.

Media coverage about MRVL stock has been trending neutral on Wednesday, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Marvell Technology Group earned a news sentiment score of 0.5 on InfoTrie's scale. They also gave news articles about the semiconductor company a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an effect on the company's share price in the near future. View News Stories for Marvell Technology Group.

Some companies that are related to Marvell Technology Group include Intel (INTC), NVIDIA (NVDA), Texas Instruments (TXN), Broadcom (AVGO), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR), First Solar (FSLR), Cree (CREE) and Silicon Laboratories (SLAB).

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Advanced Micro Devices (AMD), Walt Disney (DIS), Cisco Systems (CSCO), QUALCOMM (QCOM), Home Depot (HD), AbbVie (ABBV) and salesforce.com (CRM).

Marvell Technology Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include Wedge Capital Management L L P NC (0.40%), Scout Investments Inc. (0.13%), Calamos Advisors LLC (0.06%), State of Alaska Department of Revenue (0.04%), Gateway Investment Advisers LLC (0.04%) and Calamos Wealth Management LLC (0.02%). Company insiders that own Marvell Technology Group stock include Andrew Micallef, Dan Christman, Jean X Hu, Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Syed Ali and Willem A Meintjes. View Institutional Ownership Trends for Marvell Technology Group.

MRVL stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Nisa Investment Advisors LLC, IFM Investors Pty Ltd, Zurcher Kantonalbank Zurich Cantonalbank , Winfield Associates Inc. and Patriot Financial Group Insurance Agency LLC. Company insiders that have sold Marvell Technology Group company stock in the last year include Andrew Micallef, Dan Christman, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin and Willem A Meintjes. View Insider Buying and Selling for Marvell Technology Group.

MRVL stock was acquired by a variety of institutional investors in the last quarter, including Scout Investments Inc., Calamos Advisors LLC, Three Peaks Capital Management LLC, Assenagon Asset Management S.A., Red Spruce Capital LLC, State of Alaska Department of Revenue, Gateway Investment Advisers LLC and Eidelman Virant Capital. Company insiders that have bought Marvell Technology Group stock in the last two years include Jean X Hu and Michael G Strachan. View Insider Buying and Selling for Marvell Technology Group.

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of MRVL stock can currently be purchased for approximately $27.77.

Marvell Technology Group has a market capitalization of $18.63 billion and generates $2.87 billion in revenue each year. The semiconductor company earns $-179,090,000.00 in net income (profit) each year or $0.85 on an earnings per share basis. Marvell Technology Group employs 5,275 workers across the globe.View Additional Information About Marvell Technology Group.

The official website for Marvell Technology Group is http://www.marvell.com/.

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]